If you own a business and have employees, you have an inherent feel for the joy of filing employee related tax documents. Alas, the IRS is cutting back on the burden. IRS Helps Employers By Reducing Filings Required For Employees Employees are criti...

There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable. Battling the IRS There comes a time when many Americans must take action against the IRS. The IRS can come down swiftly and...

The tax code for the United States is over 50,000 pages. Buried in this code is the subject of per diem rates, a topic that can save businesses money on their taxes. Per Diem Rates and Business Taxes Understanding the Internal Revenue Service and a...

The IRS is heavily promoting electronic filing options. This promotion has run into problems with corporations because of complex regulations. The IRS is now moving to correct this problem. IRS Simplifies Reporting Requirements for Corps and Sharehold...

Many credit counseling groups claim they are in it just to help you and not make a profit as indicated by their charitable organization status. The IRS is not happy. IRS Crushes Credit Counseling Groups Claiming Non-Profit Status For the last five ...

In modern America, it is rare to find a person or family living in the same place for thirty years. Most of us move five or ten times, which means taxes become an issue. Moving To A New Location – Tax Information I hate moving. Absolutely loathe it...

The last seven years has seen tremendous appreciation in home prices. This brings up the issue of home capital gains tax issues for people when they sell. Home Appreciation and Capital Gains Owning home is considered part of the American Dream. Unl...

Many people just assume their accountant will cut their taxes as much as possible. To get the biggest benefit from them, you need to be a bit more proactive. Make Your Accountant Your Best Friend Accountants tend to come in two types. The first is ...

Many people are confused about the purpose of accountants given tax software and so on. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do. The Purpose of Your Accountant An accountant is a licensed p...

If you own a home, you know mortgage products have moved beyond the basic 30 year fixed option. Reverse mortgages are one such product and here is an overview. An Overview of Reverse Mortgages A typical mortgage is created when a lender provides yo...

With products like Turbo Tax improving, many wonder where this leaves accountants. Ironically, the evolving role of accountants is helping people save on their taxes. The Evolving Role of Accountants Given the fact that paying taxes isn't the most p...

The last ten years has seen massive wealth growth in the United States. This brings up the issue of wealth planning, particularly from a tax perspective. Got Wealth? There is little doubt that the overall wealth of a significant percentage of Ameri...

The Internal Revenue Service wants you to pay taxes on time. That being said, it understands this is not always possible and has created a program for such situations. The IRS Solution If You Cannot Pay Your Taxes The Internal Revenue Service is ver...

If you live and work outside of the United States, I may have some very good news for you. Although Americans are taxes on their worldwide income, you may be able to claim a huge deduction. Dealing With Taxes If You Live and Work Outside The United Sta...

The magic tax date of April 15th has passed. If you did not file a tax return or extension request, you need to consider the following. Didn't File Anything with the IRS on April 15th? The Internal Revenue Service is a bit touchy about filing tax r...